Business News

PepsiCo to Reaffirm Full-Year 2008 Core EPS Guidance

Thursday 20. November 2008 - During comments today at the Morgan Stanley Global Consumer and Retail Conference, PepsiCo will discuss its North American beverage innovation plans for 2009 and reaffirm its previously announced full-year 2008 core EPS guidance.

PepsiCo’s full-year 2008 core EPS guidance excludes commodity mark-to-market impact, Productivity for Growth costs and PepsiCo’s share of The Pepsi Bottling Group’s (PBG) restructuring initiative and impairment charge announced by PBG on November 18, 2008.

PBG’s restructuring initiative and impairment charge is expected to have a $0.07 per share adverse impact on PepsiCo’s full-year 2008 reported EPS but, as noted above, will not impact PepsiCo’s full-year 2008 core EPS results.